Critical Metals Stock Surges on Greenland Drilling Campaign

By EC Assets · Published 17 June 2026

Critical Metals Corp. shares experienced a notable surge today. The company announced the start of a 10,000-meter diamond drilling campaign at its Tanbreez Rare Earth Project in Southern Greenland. This program aims to support resource expansion. Critical Metals stock rose 8.1% in mid-day trading. One report indicated a surge of over 10% on Wednesday, reaching its highest level in nearly three weeks. The shares also rose nearly 5% in pre-market trading following news of Japan's plans to explore rare earth mining in Greenland. The Chairman of Critical Metals Corp. stated that geopolitics has made shipping challenging as the company works to bring its pilot plant online. The American government has been buying rare earth mineral stocks. China's tightening grip on global rare earth supplies has also led to surges in rare earth stocks. Australia is also working to increase its capacity to process rare earth elements, beginning with a new pilot plant. The broader market for critical metals, including copper and rare earths, is drawing investor attention. This is due to growing demand. Critical metals define who benefits most from the next decade of power and energy expansion. This article is intended for informational purposes only. It does not constitute investment advice.